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Former Obama Chief Economist: Let's Tax Carbon and Snacks
breitbart.com ^

Posted on 11/23/2012 10:58:46 AM PST by Sub-Driver

Former Obama Chief Economist: Let's Tax Carbon and Snacks

by Ben Shapiro 23 Nov 2012, 10:29 AM PDT 1 post a comment Always looking for new ways to slice its pound of flesh from American business, Obama allies are suggesting improvisational taxes. Give them points for creativity. Former Obama chief economist Larry Summers said that carbon taxes and taxing fatty foods should be on the table, but only once economic stasis has been reached. Of course, this begs the question of why we should ever tax products if we know those taxes will harm the economy, but that’s a question the left never feels the need to answer. Said Summers:

“It’s immensely important that the U.S. not fall off the fiscal cliff … Why aren’t we talking more about raising taxes on carbon and energy?”

The purpose of such taxes, said Summers, would be “corrective,” designed to prevent events like Hurricane Sandy.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS:
Go away......
1 posted on 11/23/2012 10:58:52 AM PST by Sub-Driver
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To: Sub-Driver

Hey! Whatever it takes for the commie piggies to steal more of our money. Why not tax shoes too! Everybody wears shoes! What’s in YOUR wallet?


2 posted on 11/23/2012 11:00:55 AM PST by FlingWingFlyer (Criminal defense lawyers won't have the Twinkie to kick around anymore.)
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To: Sub-Driver
but only once economic stasis is reached

Just what is "Economic Stasis"? Does that mean the country is stopped dead in its tracks and is dying of malnutrition? Economic stasis is exactly what they have in such workers paradises' as Cuba, Venezuela, California, Detroit and pretty soon Chicago.

3 posted on 11/23/2012 11:08:40 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Sub-Driver

4 posted on 11/23/2012 11:16:39 AM PST by C210N (In favor of private rights and public happiness)
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To: Sub-Driver

Let’s tax politicans. Say, $10/word for each regulation enacted, and $10/word for each law passed plus $100k/law and $100k/law refund for every law revoked. A fee of 100k per elected term, doubled for every re-election - cummulative regardless of where it is a new elected position or the same one. Each year, a renewal tax is levied of $1/word for every law and $1/word for every regulation still in effect. If the politican cannot pay, he is jailed in maximum security prision for the duration of his term.


5 posted on 11/23/2012 11:26:17 AM PST by rigelkentaurus
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To: Sub-Driver
The purpose of such taxes, said Summers, would be “corrective,” designed to prevent events like Hurricane Sandy.

That's right with enough taxation we'll never have hurricanes, tornadoes, floods or any other adverse weather again.

Eff this dumba..

6 posted on 11/23/2012 11:38:06 AM PST by A message
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To: Sub-Driver

Hey, taxing snacks is a good idea. I’m guessing Obama voters are the ones consuming most of the junk food snacks. Perhaps this will awaken them.

Maybe not.


7 posted on 11/23/2012 11:50:29 AM PST by lurk
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To: rigelkentaurus

Yes, and let’s tax homosexuals to pay for health care and research. Immigrants to pay for deportations and border security. Drug users to pay for law enforcement. Muslims for Homeland Security. Hollywood and athletes to pay for stadiums and arenas.


8 posted on 11/23/2012 11:52:10 AM PST by A_Former_Democrat (Elections do have consequences, young people of America)
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To: FlingWingFlyer

Since we’re spreading stupid around why not do a TV series about a serial killer that only kills stupid politicians? He would never run out of victims so the series would last forever...


9 posted on 11/23/2012 11:53:16 AM PST by jsanders2001
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To: Sub-Driver

The scumbag Democrats are relentless in their efforts to confiscate more and more money (and liberty) from America’s working producers so they always have more than enough to buy the votes of their party’s growing base of moochers.


10 posted on 11/23/2012 11:57:13 AM PST by Lancey Howard
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To: Sub-Driver
The Obama Administration, Wall Street and academia Isflamists (every thing they say is flam) issue a fat wad against the American people.

Let's tax Isflamist fat wads.

11 posted on 11/23/2012 12:12:56 PM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: lurk

Fat Larry would have has one of the highest tax rates in the country.


12 posted on 11/23/2012 12:22:36 PM PST by riverdawg
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To: WilliamofCarmichael

Let’s tax fat people with big mouths.


13 posted on 11/23/2012 12:23:24 PM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: FlingWingFlyer

I was in East Berlin when the Curtain was still up, and that is exactly what they did...


14 posted on 11/23/2012 12:35:48 PM PST by richardtavor
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To: A message

Wow, count me in. Trillions of dollars in new taxes is a small price to pay to live in the Garden of Eden. Just imagine, a balmy 72 degrees year round regardless of latitude, occasional gentle spring showers, and young lasses cavorting in the meadows. If only I’d known the key to Eden was more taxes, I would have been sending them more money my entire life. Are you with me?


15 posted on 11/23/2012 12:42:04 PM PST by ProtectOurFreedom
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To: Sub-Driver
An American sick of politicians: Let's Tar and Feather then run out of town any politicians who implement such an absurd tax.

It was good enough for our forefathers to Tar and Feather lowlifes such as our current politicians, it should be good enough for us to use as well!
16 posted on 11/23/2012 12:46:31 PM PST by Pox (Good Night. I expect more respect tomorrow.)
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To: Sub-Driver

I would like to buy a ticket to book passage on Titanic II for this assclown.


17 posted on 11/23/2012 12:49:50 PM PST by windsorknot
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To: Sub-Driver

Whenever one of these birds proposes yet another tax, we should counter by calling for the creation of a Democrat tax.

1) It would apply only to registered Democrats, which makes sense, as they are the ones always bleating for more spending.

2) It should have no exemptions or “loopholes”, so all Democrats would have to pay, whether they were wealthy bankers or on welfare.

3) It should be a very progressive tax, so that Democrats who earn more than $100,000 should be in the 70% bracket, those earning more than $200,000 should be in the 80% bracket, and those earning more than $250,000 should be in the 90% bracket.

4) It should apply to all earnings of Democrats, should include capital gains on their earnings, a value added tax on their earnings, a carbon and green tax, inheritance and estate tax. And if none of those apply, then an alternative minimum tax.


18 posted on 11/23/2012 12:54:35 PM PST by yefragetuwrabrumuy (DIY Bumper Sticker: "THREE TIMES,/ DEMOCRATS/ REJECTED GOD")
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To: Sub-Driver
designed to prevent events like Hurricane Sandy

I happened to see a YT vid made by a college girl from NJ where she was driving thru the Sandy damage and doing commentary. She said "we have to stop global warming, we learned in high school that this was going to happen."

There's a LOT of work to do....

19 posted on 11/23/2012 12:56:40 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: A message
“corrective”

I think he meant "coercive."

20 posted on 11/23/2012 1:01:49 PM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Sub-Driver

Let’s have states impose a 99¢ bookkeeping fee for every dollar in federal revenue they send to Washington. Then next seize all federal property under the Kelo decision to pay for obamacare. Finally, appoint a State Overlord of Bureaucracy to write reams of rules that regulate the actions of all federal bureaucrats in states. Each rule, which will be written in ancient Pict, will change from moment to moment, depending on the Overlord’s mood, and fines will begin at $1 billion per violation, per hour.


21 posted on 11/23/2012 1:06:49 PM PST by sergeantdave (The FBI has declared war on the Marine Corps)
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To: Sub-Driver

If taxing stuff causes there to be less of it, then why do we tax wealth and income?


22 posted on 11/23/2012 1:12:39 PM PST by fhayek
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To: Sub-Driver

Let’s just cut to the chase and let the Republicans can propose a 100% income bracket starting at $250k. Obama and friends would then be forced to explain why they will not raise taxes on “the wealthy.”


23 posted on 11/23/2012 1:19:30 PM PST by dinodino
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To: yefragetuwrabrumuy

Why not put a bounty on them instead and sell licenses.


24 posted on 11/23/2012 1:23:03 PM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Sub-Driver

I am very impressed that Larry Summers and his ilk can pretend that a “carbon tax” is something new without actually laughing in our faces. Anyone notice how much “carbon tax” you pay on every gallon of gasoline?

When they say “carbon tax”, what they mean is:
“let’s raise excise tax rates to infinity”;
“let’s expand the list of taxed items infinitely, so we can micromanage every business and control the entire economy”;
“let’s rip the last pennies from the pockets of working and middle class families, so we can redistribute them to our dependency voters”.

US “greenhouse gas” emissions could be cut almost in half by simply encouraging production and use of natural gas, which is cheaper than oil anyway. But why solve a “problem” when it can be used for political purposes?


25 posted on 11/23/2012 1:32:41 PM PST by Chewbarkah
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To: Sub-Driver

I heard a great progressive admission recently. The man was describing the virtues of Cap and Trade.

The tax on carbon is paid by fuel users. Those are actually producers who pass the tax onward to customers on a per usage basis. That is everyone pays, even kids.

That means Cap and Trade is actually a scheme to extract taxes from those now paying no income taxes. The once removed payment device provides political cover and deniability for raising taxes on the poor. It can be argued that Cap and trade is in fact a fair tax in that everyone pays on the basis of energy consumption


26 posted on 11/23/2012 1:34:15 PM PST by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: A message

That’s right. If we levy a high enough tax on snack food, we’ll never have to worry about hurricanes, tornadoes, or rising sea levels ever again. (Insert sarcasm tag here.)


27 posted on 11/23/2012 1:39:23 PM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: A message

That’s right. If we levy a high enough tax on snack food, we’ll never have to worry about hurricanes, tornadoes, or rising sea levels ever again. (Insert sarcasm tag here.)


28 posted on 11/23/2012 1:39:57 PM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Sub-Driver

I’m so sick of these clowns like Summers!

FULS!!!!


29 posted on 11/23/2012 1:42:05 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: C210N

The irony of that gif is that Penn Jillette believes in man-made global warming. I’ve seen him talk about it and, in his typical fashion, he arrogantly looks down his nose at people who’d believe otherwise. Oh how he’s convinced of his own superiority and cleverness.

Anyway, I literally laughed out loud at the line about Summers saying further taxes would prevent events like Hurricane Sandy. I know that’s what these scum are proposing but to see it in print is so absurd the initial reaction has to be laughter.


30 posted on 11/23/2012 2:05:26 PM PST by Hayride
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To: Pride in the USA

I found some of the replies on this thread to be not only entertaining, but instructive. Even though some may be hyperbolic or sarcastic in intent, their impact (as implemented in my fantasy world) would actually address the *real* problems.


31 posted on 11/23/2012 2:38:07 PM PST by lonevoice (Today I broke my personal record for most consecutive days lived)
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To: Sub-Driver

dismal science bump for later...


32 posted on 11/23/2012 4:05:07 PM PST by indthkr
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To: Chewbarkah

They don’t deserve our money.......

Theme for the next election..


33 posted on 11/23/2012 4:45:05 PM PST by Sub-Driver (Proud member of the Republican wing of the Republican Party)
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To: Sub-Driver

I believe I read 8 out of the top ten income zip codes voted for Obama in 2012. Most of the super rich have gone over to the Dems - the trust fund babies, the hollywood elite, the Harvard educated financiers.

They support higher income taxes because they’ve already amassed their wealth and won’t feel a few extra percent taken from income. Let’s give them an federal property tax they can feel. For all billionaires, let the federal government take 4% of net worth per year. Warren Buffet has an estimated net worth of $46 billion. At 4% he will pay $1.84 billion, some serious money. Soros, Bill Gates, Jeffrey Immelt, Oprah, Tom Hanks, and the other super rich demanding higher marginal tax rates their tax shelters will let them avoid might change their tune with a real wealth tax - a tax on accumulated wealth for billionaires. If the Dems hate wealth so much they should be happy to sign on to this.


34 posted on 11/23/2012 6:14:54 PM PST by Soul of the South
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